A Random Walk Down Wallstreet – warum Börsenerfolg kein Zufall ist

The stock market is not for the faint of heart during times of turbulent global and economic politics. How can the average investor respond to frightening volatility? The answer: turn to Burton G. Malkiel. In his mega bestseller, he guides the aspiring shareholder through the investment process with objectivity and calm. "A Random Walk Down Wall Street" quickly established itself as a definitive book for stock market beginners upon its release and continues to live up to its reputation today. This updated anniversary edition also includes new material on the current Bitcoin bubble and robo-advisors, as well as a brand new chapter on factor investing and risk parity. As with the original edition, Malkiel's core insights—about stocks and bonds, but also about real estate investment trusts, home ownership, and tangible assets like gold and collectibles, as well as the random walk theory and the unpredictability of prices—aim to restore confidence and composure to anyone seeking a steady path through today's financial markets. A classic that everyone involved in the stock market must read.